iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Reaches New 12-Month High – What’s Next?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.75 and last traded at $36.74, with a volume of 27220 shares changing hands. The stock had previously closed at $36.19.

iShares MSCI Global Gold Miners ETF Stock Performance

The firm’s 50-day moving average price is $32.84 and its 200 day moving average price is $32.10. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 16.74 and a beta of 0.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RING. Jones Financial Companies Lllp lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 2,162 shares during the last quarter. Wintrust Investments LLC bought a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $93,000. Fisher Asset Management LLC bought a new position in iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at approximately $245,000. Family Firm Inc. grew its position in iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after acquiring an additional 9,276 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in iShares MSCI Global Gold Miners ETF by 15.4% during the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after buying an additional 10,209 shares during the period.

About iShares MSCI Global Gold Miners ETF

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.